Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Share Price Passes Below 50 Day Moving Average – What’s Next?

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.14 and traded as low as $9.90. Eaton Vance Municipal Bond Fund shares last traded at $9.95, with a volume of 113,812 shares changing hands.

Eaton Vance Municipal Bond Fund Price Performance

The firm’s 50-day moving average is $10.14.

Eaton Vance Municipal Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.0508 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.61 annualized dividend and a dividend yield of 6.13%.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

Several hedge funds have recently modified their holdings of the company. Elequin Capital LP purchased a new position in Eaton Vance Municipal Bond Fund in the fourth quarter valued at about $29,000. Virtu Financial LLC bought a new stake in shares of Eaton Vance Municipal Bond Fund in the 4th quarter worth approximately $117,000. Oppenheimer & Co. Inc. bought a new stake in shares of Eaton Vance Municipal Bond Fund in the 4th quarter worth approximately $133,000. Sanctuary Advisors LLC purchased a new position in Eaton Vance Municipal Bond Fund in the third quarter valued at approximately $156,000. Finally, Landscape Capital Management L.L.C. bought a new position in Eaton Vance Municipal Bond Fund during the fourth quarter valued at $172,000.

Eaton Vance Municipal Bond Fund Company Profile

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund's investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors.